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The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham biscuits to prepare each morning for breakfast customers. The two types of biscuits require the following resources: Biscuit Labor (hr.) Sausage (lb.) Ham (lb.) Flour (lb.) Sausage 0.010 0.10 — 0.04 Ham 0.024 — 0.15 0.04 The franchise has 6 hours of labor available each morning. The manager has a contract with a local grocer for 30 pounds of sausage and 30 pounds of ham each morning. The manager also purchases 16 pounds of flour. The profit for a sausage biscuit is $0.60; the profit for a ham biscuit is $0.50. The manager wants to know the number of each type of biscuit to prepare each morning in order to maximize profit. a. Formulate a linear programming model for this problem. b. Solve the linear programming model formulated in (a) for the Burger Doodle restaurant graphically. c. How much extra sausage and ham is left over at the optimal solution point? Is there any idle labor time? d. What would the solution be if the profit for a ham biscuit were increased from $0.50 to $0.60? e. What would be the effect on the optimal solution if the manager could obtain 2 more pounds of flour? f. Solve the linear programming model developed by using the computer g. Identify and explain the shadow prices for each of the resource constraints. h. Which of the resources constraints profit the most? i. Identify the sensitivity ranges for the profit of a sausage biscuit and the amount of sausage available. Explain these sensitivity ranges.
The total payment of resource income in the economy is equal to the total value of the output. In the simple circular flow model, if planned I exceeds planned S, then. The level of total output and the price level can be affected by changes in consum..
q.company xyz produces cellular phones brand greenberry at a yearly rate of 500000 units. its total fixed costs are 6
What is dual cut off method of the multidimensional poverty index? based on the three case studies of ' portfolio of the poor' (2009) did you find any poor of Bangladesh, india and south Afirca who suffer from any dimension of poverty? if yes, explai..
Q=4000-4p, where P is selling price per unit and Q is quantity demanded. V= $25/unit which is the revenue per unit and Fixed cost = $10025. (a) Find Breakeven quantity or quantities, (b) find maximum revenue, (c) find the maximum profit.
Illustrate the full income budget constraint on an individual who has T0 units of discretionary time, Y0 units of unearned income and a wage rate of W0. In the same diagram, illustrate the utility maximizing choice of leisure and goods/income. Indica..
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A common news story in any jurisdiction with single payer health care systems - for example, in Canada their socialized system does not allow private health care alternatives - is the battle that pits the government health system's refusal to pay for..
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In the real business cycle theory, if longrun aggregate supply increases, then longrun aggregate demand increases by
Felix Jones, a recent engineering graduate, expects a starting salary of $65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. If inflation is estimated to be 4% per year for the next 3 years, ..
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